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Shopping around saves cash

By comparison shopping, you get what you want for less and more green stays in your wallet. And it takes maybe 15 or 20 minutes of your time.

Not convinced? Just look at the savings uncovered in a recent shopping survey by the Consumer Literacy Consortium.

Thirty-seven Virginia Tech University students were armed with telephones and asked to get three price quotes on each of the following items: a rental car, a color TV and two separate round-trip airline tickets. By shopping around they saved a total of $390, and no item took more than 21 minutes to research.

Item: One round-trip airline ticket from Washington, D.C., to Chicago
Time spent shopping around: 21 minutes
Savings: $125

Item: One round-trip airline ticket from Houston to Los Angeles
Time spent shopping around: 15 minutes
Savings: $139

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Item: Two-day car rental
Time spent shopping around: 21 minutes
Savings: $26

Item: Color TV
Time spent shopping around: 16 minutes
Savings: $100

-- Posted: April 28, 2003
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See Also
Save hundreds in minutes with comparison shopping
8 ways to save on air fare
Financial advice glossary
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